This video distills the ultimate actions of the bankers and the common mis-understanding:
Hypothetically, a “fractional reserve Bank” loan you $100; $80 is paid back but then is defaulted by non-payment. How much profit/loss does the bank have?
The common misunderstanding is that the bank losses $20. This is untrue as the bank did not have the $100 before the debt obligation/negotiable instrument was signed.
Someone that comprehends that the $100 did not exist before the contract was signed would say the the bank made $80. This is accurate on the balance sheet of the bank. However, the banks are doing many other things with the debt.
Title Companies take the Promissory Note and duplicate the debt many times over for “insurance” and “security.” These additional copies of the debt (liabilities) are themselves underwritten with new numbers on the asset side of the ledger to match the negotiable instrument copies. In the financial realm, this duplication of negotiable instruments/DEBT-“money” is called “re-hypothecation.”
The City of London Corporation is allowed to REHYPOTHECATE an unlimited number of times! Unlimited Rehypothecation is The (Statutory) Law in the City of London Corporation. All banks have some kind of Office there so to be able to rehypothecate ANY international Negotiable Instrument- which is all of them.
After underwriting the $100 with new digits in a computer, the bank then insures the debt by underwriting the insurance, creating additional copies of the debt instrument. The bank then Sells the debt to another HOLDER for further duplication called “securitization” into financial derivatives and financial options by issuance of more negotiable instruments and underwritten with more debt duplication.
Thus, the bank is profiting $200 on the original defaulted $100 loan that was not fully paid. The New HOLDER of the original Note can simply underwrite the note with new “insurance” debt to pay the unpaid debt or trade the original Note with any Treasury Window, in the UNITED STATES, INC it is the State or Federal Treasury.
All told, I wouldn’t be surprised if every home mortgage, car loan, credit card, and student loan is duplicated/rehypothecated 10-15 times over.
The Entire UNITED STATES, INC monetary and financial system was based upon such staggering levels of accounting fraud it may seem unbelievable!
One of the benefits of using debt as “legal tender” is that debt is protected speech under the (second) US Incorporated Constitution – First Amendment (not to be confused with the First Organic Constitution). Anyone that can put their signature on a piece of paper can create any amount of debt!
Every loan by every bank literally depends on us being our own bank. The promissory note is the “debt-money” that the bank then “lends” back to us with interest and surety (such as the house). Meanwhile, the promissory note pays for the transaction, in full. Every Loan by every bank is an unlawful contract that sells us our own debt back to us for a second payment, where-by if the second payment is not made, the bank unlawfully (but legally) steals our house/property/human rights/etc.
The “Credit River Decision” judicially confirms this:
So, the solution to having issued the bank the debt that enslaves us, we can issue them more of our own debt. Every American National may issue “debt as speech” negotiable instruments private bonds money orders. Upon dishonor, remedy by the banks requires them to underwrite the negotiable instrument with NEW debt.
This underwriting with new debt is a reason why banks wait three days before “transferring” funds… upon the fourth day, the negotiable instrument “check” becomes dishonored allowing the receiving bank to underwrite the negotiable instrument with NEW DEBT. The NEW DEBT -as numbers in a computer- is entered into the receivers account and the redundant debt is removed from the senders account to make it look like a transfer.
The funds are then most likely move to the black off-ledger accounting books. duplicating checks is yet another method and instance of debt duplication!
When the check for a car loan/home mortgage is issued, the back end processes are described above. When the check is deposited, every check is dishonored and then duplicated, as further described. This adds another layer of debt duplication.
Debt creation and duplication rises exponentially. Debt duplication does NOT trail off logarithmically as the banks spin. Federal Reserve Banks never lose money/debt because they create it in infinite amounts.
Special Federal Reserve Board Account no. 5525525424AM with account name of Spiritual Wonder Boy and with standing balance of US$ 2, 178, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 410, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 from the month of October up to this month in the total of US$ 2, 588, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000.
This is 2.588 million trillion trillion trillion trillion (which is four trillions stacked in a row). Put another way, 2.588 billion billion billion billion billion billion (which is six billions stacked in a row). 2.588 septendecillion Federal Reserve Notes. This is in the Federal Reserve Banking system. Janet Yellen knows about that account.
This may be why the World through the Chinese and Russians are no longer accepting Federal Reserve Notes as International Reserve Currency and are backing the new international currencies with GOLD. This loss of status is so important that the CEO and VP of the UNITED STATES, Inc met with Federal Reserve Head Janet Yellen.
The Chinese and Russians comprehend the importance of their economy being a rounding error to SPIRITUAL WONDER BOY trust account operated by the Federal Reserve System.
Meanwhile, the US MSM (corporate propaganda) does not discuss the Credit River Decision: